> Living wage based on locally inflated housing prices is just fundamentally broken concept. It is just ideological cover for wealth transfer from productive ec

> Living wage based on locally inflated housing prices is just fundamentally broken concept. It is just ideological cover for wealth transfer from productive economy to landlords (by focusing on 'living wage' based on market housing costs and not on 'affordable rents' based on market wages). Man, this is painfully true. Until California can decide between housing being affordable and housing being an asset that is guaranteed to increase in value 10% every year (which is what we've decided for the moment) every increase in wages is just going to be an additional subsidy for the top 1%.